Neutral/Negative Catalysts
- Strong bearish trend (all key moving averages stacked bearishly) and price weakness (down -5.88% in regular session).
- Support break: trading below 1.478 (S1) increases risk of a move toward ~1.093 (S2).
- Analyst price target collapse: Maxim cut PT from $70 to $8 (even while keeping Buy), primarily due to capital needs and dilution risk (higher share count forecast).
- No recent news to act as a catalyst to reverse sentiment.
- Institutional/insider signals: Hedge funds neutral over last quarter; insiders neutral over last month (no clear accumulation signal).